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Thermo Fisher Scientific Reaches New 52-Week High (TMO)

Thermo Fisher Scientific (NYSE:TMO) hit a new 52-week high Friday as it is currently trading at $61.32, above its previous 52-week high of $61 with 280,459 shares traded as of 10:01 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Thermo Fisher Scientific (NYSE: TMO) hit a new 52-week high Friday as it is currently trading at $61.32, above its previous 52-week high of $61 with 280,459 shares traded as of 10:01 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Thermo Fisher Scientific has a market cap of $21.84 billion and is part of the health care sector and health services industry. Shares are up 32.9% year to date as of the close of trading on Thursday.

Thermo Fisher Scientific, Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. The company has a P/E ratio of 19.9, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Thermo Fisher Scientific as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Thermo Fisher Scientific Ratings Report.